IBM Sell signal, confirmation still pending
IBM stock: +4.4% this week as the Sell signal loses steam
IBM Sell signal, confirmation still pending
Our view last week
After last week's 26% plunge, IBM is stabilizing: the stock gains 0.7% and forms a double bottom in the 202 area, with an intermediate rebound of 10%. Buyers are back in control of daily volume and the RSI is nearing oversold, while the sell signal triggered seven days ago has yet to find confirmation.
This week's summary
IBM stock's rebound continues: after last week's stabilization, the shares add another 4.4% while buyers dominate daily volume at 86%, yet money flow stays in negative territory. On the daily chart, the sequence of lower highs, from the 312 area down to 231, remains intact, and the Sell signal's strength drops to 2 out of 100: a decline that has lost its push. IBM stays in observation, with the confirmation week still open.
IQS Phase
64
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#117 / 138
US stocks sell signals
Trade P&L %
-5.16%
from signal to date, no stop loss
Rank position
ranks 117th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
IBM belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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